EX-99.1 3 tm2621408d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 ConnectM Technology Solutions Acquires Blue Ribbon Ice, a Software Platform for Nationwide Commercial Field-Service Dispatch Acquisition adds a software-driven supply-demand matching platform to ConnectM's AI-Powered Logistics business, extending the same real-time dispatch model that powers DeliveryCircle beyond last-mile delivery MARLBOROUGH, Mass., July 28, 2026 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTCQX: CNTM) (“ConnectM” or the “Company”), a technology company powering the physical layer of the AI economy, today announced that it has acquired Blue Ribbon Ice, a software platform that matches commercial HVAC, refrigeration, and facility-service demand with a vetted, nationwide network of independent contractors in real time. Blue Ribbon Ice becomes part of ConnectM’s AI-Powered Logistics platform, joining the Company’s existing DeliveryCircle business. Extending a Proven Platform Model Blue Ribbon Ice is built on the same core model as DeliveryCircle: software that matches customer demand to a distributed network of vetted, independent service providers in real time, with a single point of a…
Open exhibit ↗Current Report · Items 1.01, 7.01, 9.01 · 8-K
ConnectM Technology Solutions, Inc.
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Item 1.01 Entry into a Material Definitive Agreement. Blue Ribbon Ice Inc. Acquisition Agreement On July 1, 2026, the Company entered into and consummated an Acquisition Agreement (the Acquisition Agreement”) by and among the Company, Blue Ribbon Ice Inc.…
Company context
ConnectM Technology Solutions, Inc. (“ConnectM” or the “Company”) is a U.S.-based technology company that develops, sells, and operates artificial intelligence (“AI”)-enabled hardware and software for the modern energy economy. The Company’s strategy is organized around two high-growth, U.S.-centered platforms:
Current securities
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive
Agreement.
Blue Ribbon Ice
Inc. Acquisition Agreement
On July 1, 2026,
the Company entered into and consummated an Acquisition Agreement (the Acquisition Agreement”) by and among the Company, Blue Ribbon
Ice Inc. (“BRI”), an Arkansas for-profit corporation and Scott ‘Avery’ Wilson (“Wilson”), an individual,
and resident of the state of Arkansas (BRI and Wilson are collectively referred to as the “Seller Parties”).
The Seller Parties are
engaged in the business of Commercial HVAC and Refrigeration (the “Business”). Under the Asset Purchase Agreement, the Company
agreed to acquire from Seller certain assets used in the Business (the “Assets”).
According to the terms set forth in the Agreement,
at the Closing, Wilson sold, assigned, transferred and delivered to the Company, free and clear of all security interests, liens, pledges,
encumbrances, charges, restrictions or known claims of any kind, nature, or description, 6,000 shares of the BRI Common Stock held by
Wilson, constituting 60% of the issued and outstanding shares of BRI Common Stock (the “Transferred Shares”). In consideration
of the acquisition of the Transferred Shares, the Company issued to Wilson 58,824 shares of Common Stock (the “Exchange Shares”);
and paid to Wilson the sum of $250,000 (the “Cash Consideration”). The Exchange Shares were issued shall be free of any transfer
restrictions, liens, or encumbrances and subject to a valid exemption from registration under the Securities Act.
The Acquisition Agreement
contains customary representations, warranties, covenants and indemnification provisions for a transaction of this type.
The foregoing summary
of the Acquisition Agreement does not purport to be complete and is qualified in its entirety by reference to the Asset Purchase Agreement
filed as Exhibit 10.1 to this Current Report on Form 8-K.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On July
28, 2026, the Company announced by press release that, it has acquired Blue Ribbon Ice, a software platform that matches commercial HVAC,
refrigeration, and facility-service demand with a vetted, nationwide network of independent contractors in real time. Blue Ribbon Ice
becomes part of ConnectM’s AI-Powered Logistics platform, joining the Company’s existing DeliveryCircle business.
The press
release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. The information contained in the press release
is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or otherwise subject to the liability of that Section, and shall not be incorporated by reference into any
registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly
set forth by specific reference in such filing.